Archive for February, 2011

The decision to buy a home or build a house is one of the biggest financial decisions that an individual takes. A personal home or a house gives an Individual a sense of identity. Today Government and other financial institutions including banks are encouraging people to buy houses with flexible and easy pay home loan with low home loan interest.

Yes, flexible and easy pay home loan with low interest is the assurance given to every person opting for a home loan by probably every bank offering home loan. Home loan has three essential elements the principal amount, the home loan interest and the repayment term. The Home loan interest is very important in determining the uptake of this Home loan by the masses. Due to usual human tendency, cheap home loan is preferred rather than the expensive alternative. However the Home Loan rates are, not the only factor an individual should consider, but there are several other factors an individual should consider before finalizing his decision for a home loan.

However since rates are of paramount importance for any loan including home loans lets elaborate more on it giving examples of two banks offering home loans called the SBI home loans and HDFC home loans.

SBI Home Loans come to you on the solid foundation of trust and transparency built in the tradition of State Bank of India. SBI Home Loan – For Loan amount upto Rs. 30 Lacs…. (w.e.f. 01.July.2009)

SBI Home Loan or Home loan rate during the first year (i.e. till first anniversary date from the date of first disbursement) is fixed at 8% p.a. SBI Home Loan or Home Loan rate during next two years is fixed at 8.5% p. a. SBI Home Loan or Home Loan rate after three years may be Fixed or Floating as per the borrower’s choice made at the time of sanction. If floating home loan rate option is chosen, then the home loan rates will be 2.75% below SBAR (State Bank Advance Rate). If fixed home loan rate option is chosen, then the home loan rateswill be 1.25% below SBAR prevailing on the third anniversary date from the date of first disbursement of SBI home loan and shall have a reset frequency of 5 years from the third anniversary date of the SBI home loan. Fixed interest shall be subject to force-majeure clause. For SBI home Loan amount above 30 lacs SBI Home Loan rates is fixed at 8% p.a. and 9% p.a. for first and second years of taking the SBI Home Loan, respectively and for third year if floating home loan rates option is chosen, then the home loan rate will be 1.75% below SBAR . If fixed home loan rate option is chosen, then the home loan rate will be 0.75% below SBAR.

HDFC Home Loans

HDFC’s objective, from the beginning, has been to enhance residential housing stock and promote home ownership by way of HDFC Home loans.

HDFC home loans or floating home loan rates for new customers are

9.75 per cent for HDFC home loans up to Rs 30 lakhs. 10.75 per cent for HDFC home loans more than 30 lakhs.

Thus the efforts are to keep decreasing the interest ratesto a point where it can encourage people to take more and more home loans. With increasing competition among banks, interest rates would be a deciding factor as to which bank can offer the least interest rates and which would be higher on interest rates but will try to gain customers through prompt incentives by waiving of the charges for processing and documentation, for home loans.

While researching new ways to save time trading Forex (without sacrificing pips), this trader kind of stumbled upon 2 “discoveries” that may surprise you.

The first one has to do with a “flaw” in how 90% or more of Forex traders think about trading these markets.

It’s deceptively simple…

-yet it led him to develop a pretty unusual technique around ‘scalping’ the ‘sweet spots’ of the best Forex markets.

Watch this brand new video he just recorded that reveals these discoveries, along with an unusual ‘scalping’ technique.

If you really, really enjoy staring at your computer all day long day trading every nook & cranny of the markets, then you might not like this video, because it shows you how to spend LESS time trading and MORE time ‘having a life’.

This free video comes from Bill Poulos.

Who is Bill Poulos ?

Bill Poulos of ProfitsRun.com is an experienced trader and investment educator. As a retired automotive executive, who holds a bachelor’s degree in Industrial Engineering and a Master’s degree in Business Administration with a major in Finance, he’s relied on his background to help build his own company and help thousands of traders.

What separates Bill Poulos from most other ‘how-to gurus’ is that he began as a trader and has learned the hard lessons himself, developing the discipline necessary to be profitable on a sustained basis. All too many times people get suckered in by smooth talking gurus who’ve never even had a live trading account.

In his 30+ years of trading experience, Bill has developed dozens of trading systems and methods. He prides himself on providing honest and realistic trading education, and is known for the continuous support and follow-up he offers his students.

The first advice Bill provides is that anyone who’s not well educated concerning stocks, options, or Forex should not even think about trading them. It all begins with education. One of the best things that Bill does for his students is offer a slew of free trading materials to build their educational foundation.

When I was looking for a unsecured personal loan there was one company that really stood out from the rest, that company was Life House Funding. They were able to put me into a personal loan that drastically lowered my monthly payments and gave me the relief I needed. Life house funding starts by asking you a series of questions, which helps determine which loan product is best for your unique situation. They then place you with one of their in house representatives that will hold your hand through the entire loan process. I personally had tons of questions about lending in general and they were more than helpful at putting everything in simple to use terms.

I was given a few different options when speaking to Life house Funding. They offered me a line of credit loan product; as well as, a regular installment loan. I decided to go with the installment loan because of the low interest and term length. The line of credit loan option would have allowed me to take the funds out when I needed, but in the end a personal installment loan seemed to be the best fit.

With my new installment loan I am going to be able to consolidate my credit cards into one small monthly payment. This debt consolidation loan if going to give me the savings needed to get by during this tough economy. Now, I will be able to pay down my credit cards in a timely fashion and finally be debt free in 60 months. Without this company I doubt I would have ever found the right lender who would consider my application. All I can say is thank you. Thank you very very much.